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Forex Trend Analysis Report
Prepared for you on Thursday, April 25, 2024.
Euro/Ugandan Shilling (FOREX:EURUGX)
Bear Market Rally (-75) - EURUGX is showing some rallying power, but still remains in the confines of a long-term downtrend. Keep an eye on EURUGX as it may be in the beginning of a reversal.
Is it time to buy, sell, or avoid EURUGX?
MarketClub looks at technical strength and momentum to determine if the timing is right for EURUGX.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for EURUGX
The long-term trend has been DOWN since Apr 14th, 2024 at 4106
The intermediate-term trend has been DOWN since Mar 19th, 2024 at 4234
The short-term trend has been UP since Apr 24th, 2024 at 4067
Smart Scan Analysis for EURUGX
Based on our trend formula, EURUGX is rated as a -75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 4075 | 4075 | 4075 | 4075 | 0 |
| Prev. Close | Volume | Bid | Ask | Time |
| 4075 | 2024-04-24 21:01:01 |